Hong Kong court orders Chinese property developer Evergrande to liquidate

A Hong Kong court on Monday ordered the liquidation of property company China Evergrande Group, a move likely to send ripples through China's crumbling financial markets as policy-makers scramble to contain the deepening crisis.

Hong Kong court orders Chinese property developer Evergrande to liquidate
A lit sign atop a commercial building shows Chinese characters and English that reads, 'Evergrande Group.'

A Hong Kong court on Monday ordered the liquidation of property company China Evergrande Group, a move likely to send ripples through China's crumbling financial markets as policy-makers scramble to contain the deepening crisis.